- Government of India (GOI) has appointed CANBANK Venture Capital Fund Ltd (CVCFL) in order to implement the Electronics Development Fund (EDF).
- The EDF is set up as a ‘Fund of Funds’ to participate in ‘Daughter Funds’ which will provide risk capital to companies that develops new technologies in the electronics field, Nano-Electronics and Information Technology (IT).
- The EDF would take minority participation in seed funds, angel funds as well as in venture funds.
- Electronics Development Fund (EDF) will invite requests from the private and public funds for its participation.
Sunday, October 11, 2015
Government appoints CVCFL to implement EDF
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